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Domestic cement consumption down, export market bright

Domestic cement consumption fell in March, while cement exports had growth against the same period last year, according to the Ministry of Construction.
Domestic cement consumption down, export market bright ảnh 1Domestic cement consumption reduced in March, while cement exports had growth. (Photo kinhtevadubao.vn)
Hanoi (VNA) – Domestic cement consumption fell in March, while cement exports had growth against the same period last year,according to the Ministry of Construction.

Total cement consumption at home and abroad reached 7.96million tonnes in March, a month-on-month increase of 340,000 tonnes but thesame volume year-on-year, according to the ministry’s building materialdepartment.

In March, cement consumption in the domestic market stood at5.56 million tonnes, a reduction of 11 per cent year-on-year. Meanwhile, theexport volume was 2.4 million tonnes, marking a growth of 30 per centyear-on-year.

Experts attributed the difference in consumption between thetwo markets to lower domestic demand after Tet (Vietnamese Lunar NewYear) and higher demand in China, where cement production has temporarilystopped.

The department said in the first quarter of this year, totalcement consumption at home and abroad was expected to reach 20.97 milliontonnes, 15 percent higher than the same period last year. Of this, exportvolume in the first quarter stood at 7.51 million tonnes, a year-on-year surgeof 28 percent.-VNA
VNA
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